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. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as are brit
in history has died. inouye, a democrat, was elected to congress in 1959, the same year hawaii became a state. he stayed on capitol hill for the rest of his life. he was the first japanese american to serve in congress but before that, he was a war hero. born in 1924, inouye was 17 when japanese planes flew over his home to bomb pearl harbor. he signed up and lost an arm to a german grenade while fighting in italy. the 88-yard senator died a -- 88-year-old senator died at walter reed medical center from respiratory complications. his fellow hawaiian in the senate described inouye's unparalleled legacy. >> it can be seen in every mile of every road in hawaii, in every nature preserve, in every facility that makes hawaii a safer place. >> daniel inouye was 88 years old. >>> it's 5:09. much less fog than yesterday morning. the breezes will be itself ig -- will be the bigger issue. here's a look at your day planner. still some clouds out there now a. touch of fog north and west. 57 by noon. about the high for the day. winds will be to the west, northwest 15, 25 miles an hour with a 6:00 p.m. temp
. it was 71 years ago today that japan attacked the u.s. military base in hawaii pulling our country into world war ii. in the bay area survivors of the attack will gather a top mount diablo for the annual lighting for the beacon. stay with us for traffic and weather in just a moment. nocke. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. >>> good morning if you plan on takeing the richmond, stuck in lanes as mid span elsewhere if you are out and about along 880 this morning or plan on taking the east shore freeway expect delays. also on westbound 24, southbound not too bad as you work your way are towards hayward. quick look at the bay bridge, getting a little bit better, metering lights on. >>> we are seeing patchy dense fog show
that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 reporter mike sugerman tells us some small businesses in that area are trying to grind that plan to a halt. >> reporter: there are 85 starbucks properties in san francisco. do we need 86? >> it will change the entire character of the neighborhood. >> i think they will be a good addition to that block of market. >> reporter: starbucks wants to add 1500 new stores in the u.s. over the next five years. but neighbors are stirring up trouble for another one planned near the city's castro district. >> against it signing up here giving us your email address. >> reporter: wendy runs sweet inspirations bakery down the street and is running the opposition. >> we don't want a starbucks going in on the corner because we want this to remain locally owned businesses along this strip. >> reporter: in three weeks
now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with demo
and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had seen the line of buss that basically was a wall of about 60 buses, they get precedence to go in, and then like 16 other lanes getting down to one to go into the tunnel, and you're just sitting there, like no within in the world does this. >> i got stuck in a broken down truck in the holland tunnel last night. it's amazing how fast they get that truck up and out. >> they better because there are fumes and everything else. but if you try to go from pasadena at the wrong time in l.a., it's three hours. in other news out of the financial services industry, jpmorgan is naming co-chief control officers the new positions ar
. the list of stations that could be closing. >> and a man survives a shark attack in hawaii. what he is saying about trying to escape after being bit. >> and outside the doors breezy conditions and isolated showers are falling. i see the improvement on the way but it won't last. what you can expect for your weekend. six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. . >>> check out this car. a tree came crashing down on that van. they were sitting in it but weren't hurt. it happened on wild cat canyon road yesterday afternoon and east bay regional parks crew cut down that tree into pieces and clean cleared out this road. >> lot of trees starting to fall down. the ground is
that he was telling people in a he had inherited a bunch of money and planning to move to hawaii. apparently that's not grounded in any truth whatsoever. but you talk to all the people who knew him and they say this just doesn't sound like jacob roberts. and so at this point, it's just a real mystery. we're also getting more details in terms of the chronology in terms of how it occurred. we're told roberts entered the second floor of the macy's store, started firing actually in the food court area. and then within a minute, within one minute, police swarmed to the scene and when roberts felt like he was cornered, he went to the first floor, that and he where he shot himself. meantime, we're also hearing from someis of his friends. listen to someone who knew roberts from high school. >> he was a counseling aid with us. kids would sometimes be assigned to be our assistant and he helped us with some of the work in the counseling office. i found him to be a very polite young man, soft spoken, nice smile. and just really surprised that somebody with his personality would end up doing
of minutes. in the meantime -- >> they are gentlemen. >> in the meantime, the president is in hawaii on vacation. washington lawmakers are on holiday. there's still no deal to avoid the fiscal cliff. the deadline is a week away. hampton pearson is in washington on the stalemate. >> as early as the day after christmas, congress and the white house will have to start to deal with what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world consequences to what we do here. >> a short-term deal won't just focus on tax rates. the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senat
affected. but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned and why? tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but with so much
Search Results 0 to 9 of about 10

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